ExxonMobil Corporation $XOM Stock Sold by Simplify Asset Management Inc.

Simplify Asset Management Inc. lessened its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 67.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,760 shares of the oil and gas company’s stock after selling 3,626 shares during the quarter. Simplify Asset Management Inc.’s holdings in ExxonMobil were worth $286,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of XOM. Dimensional Fund Advisors LP increased its holdings in shares of ExxonMobil by 5.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock worth $4,812,790,000 after buying an additional 1,540,902 shares during the last quarter. Amundi grew its position in ExxonMobil by 5.1% in the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock worth $4,158,563,000 after acquiring an additional 1,192,386 shares in the last quarter. GQG Partners LLC grew its position in ExxonMobil by 153.3% in the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock worth $2,307,497,000 after acquiring an additional 10,214,420 shares in the last quarter. Swiss National Bank grew its position in ExxonMobil by 5.9% in the first quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company’s stock worth $2,099,783,000 after acquiring an additional 693,800 shares in the last quarter. Finally, National Pension Service increased its stake in ExxonMobil by 1.8% in the second quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company’s stock valued at $1,321,265,000 after acquiring an additional 166,268 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher crude prices support earnings expectations. Analysts expect the Middle East-driven oil rally to boost ExxonMobil’s third-quarter results, with several previews suggesting the company could exceed consensus estimates. Exxon Mobil and Chevron head into Q3 earnings boosted by crude rally
• Positive Sentiment: Investors are looking for a dividend increase. ExxonMobil’s stronger profits from crude and fuel prices have fueled expectations that management will raise its dividend, supporting the stock’s income-investment appeal. Exxon Will Probably Hike Its Dividend
• Positive Sentiment: Operational and institutional interest remain supportive. ExxonMobil and Citgo reportedly acquired Venezuelan crude for refining, while the XLE energy ETF bought an additional $26.1 million of XOM shares. Recent commentary also points to Guyana production and refining margins as longer-term supports. Exxon Mobil and Citgo Petroleum acquire Venezuelan crude

Analysts Set New Price Targets

Several research analysts have commented on XOM shares. DZ Bank downgraded shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a research note on Tuesday, August 4th. TD Cowen upped their price objective on shares of ExxonMobil from $168.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, September 28th. Barclays increased their target price on shares of ExxonMobil from $177.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, October 19th. Mizuho decreased their target price on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research report on Thursday, July 9th. Finally, William Blair initiated coverage on shares of ExxonMobil in a research report on Wednesday. They issued a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, ExxonMobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.70.

ExxonMobil Stock Performance

Shares of XOM stock opened at $183.15 on Friday. ExxonMobil Corporation has a one year low of $112.51 and a one year high of $184.88. The company’s 50-day moving average is $167.35 and its 200 day moving average is $154.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The company has a market capitalization of $759.15 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 0.91 and a beta of 0.21.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The business had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. During the same quarter in the previous year, the business posted $1.64 earnings per share. Sell-side analysts expect that ExxonMobil Corporation will post 13.61 EPS for the current fiscal year.

ExxonMobil Company Profile

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.